4 Ways How NRI Can Earn More by Investing in Themselves

Your greatest asset is Your SELF.

If you are healthy, knowledgeable, and have relevant skills, you can reap benefits.

It is therefore important to invest in yourself.

How does one invest in oneself and how does it translate into higher earnings?

Must Read: 6 Best Personal Finance Habits For Successful NRIs

 4 Ways How NRI Can Earn More by Investing

1) Enhance Your Knowledge & Skills

Mahatma Gandhi said, “Live as if you were to die tomorrow. Learn as if you were to live forever.”

In the ever-changing business landscape, it is important to learn and upskill oneself.

If you want to continue to be an NRI, it is important that you should be relevant to the company for better work and bigger responsibilities. If you become irrelevant or are not competent enough, you might be replaced or considered redundant.

Read books, get yourself certified and broaden your skill sets. Watch educational videos and listen to informative podcasts so that you have knowledge of the world around you. {One book that I would like to suggest you & your kids – The One Thing by Gary Keller}

You can expand your skills to cover a wider area or go deeper into your field. For example, if you are a project manager, you can learn organizational skills, leadership skills and take on the leadership of multiple projects or responsibilities for a geographical area. If you are a sales executive for a product, you can learn about other related products and markets and take on the responsibility for multiple products or multiple markets.

You can focus on strengthening your communication skills, negotiation skills, and presentation skills as these will be valuable across organizations and countries.

Must Read – NRI Checklist 

Check This: How can (Wise) NRIs Avoid Lifestyle Inflation?

2) Invest In Your Health

You will be more productive, happier, and highly motivated if you are healthy. Invest in your mental well-being and physical health. Here are some ways to do it –

• Eat nutritious foods. Spend money on food items that benefit your health rather than harm it. It is tempting to eat a pizza or pani-puris for an evening snack but you are lucky that you don’t get that abroad on a regular basis. 😉 But go for fruits, vegetables, or nut-based products. Spend time eating freshly cooked food rather than frozen takeouts.
• Take time out for some physical activity. It can be a walk, a jog, or a cricket game. If you like dancing or working out in the gym, ensure you do it regularly.
• We ignore mental health. When we are living away from close friends and family, we might get negative thoughts and feelings of loneliness. If we do not address these issues, they become a way of life and harm our professional and personal life. Some ways to take care of your emotional and psychological well-being are
  • Maintain healthy relationships with parents, spouse, and children. Try to stay in touch with extended family and friends.
  • Get good quality sleep. It will make you less irritable and more energized for the day.
  • It is easy to check your official mail or work on something on your laptop. Try to shut your mind from your professional responsibilities for some time during the day. Use this time to improve your mental health. You can do anything that soothes your mind – write a diary, draw, sing, meditate or play with your children.

Can NRI buy Health Insurance in India?

“Earning money is only one aspect of financial success.” wiseNRI

3) Invest in Your Finances

What does that mean? You work hard in a strange land, away from friends and family, and earn a lot of money. Does the money work for you?

Earning money is only one aspect of financial success. True financial success includes –

• Sound and stable Investments across multiple assets so that your hard-earned money is safe and at the same time earns money for you in terms of interest and dividend.
• Planning to be debt-free in the near future. Debt stifles you from taking risks, enjoying life, and reduces contribution to your retirement fund. As you grow older, eliminate debt from your balance sheet.
• A sound retirement plan will ensure that you can maintain a lifestyle similar to the one you have now post-retirement.
• Setting up financial goals and having a plan and executing it to achieve them. What about just writing goals?
• Get professional financial advice so that your wealth will grow and you will learn good money habits.

You may also like: 6 Personal Finance Habits of Successful Habits

4) Take a Break

Today’s professional environment is tough. People work longer hours and are stressed throughout the workday. They regularly get work home leading to burnout and loss of passion for work.

Rishi went to Romania for work. It was his first time outside his city. He did not know too many people and hated going home as he was alone. He would stay longer in the office or go home and check his work mails more often.

It is important to switch off from work for some part of the day. Sometimes a longer break is required.

Just like, we restart our gadgets when their performance is sluggish, we need to reset our lives as well. You can go on a vacation or relax at home. You can go for adventure camps or meditation camps. You will be in different situations, in the company of different people, and will do different things. This will give your mind and body a well-deserved break and you will be rejuvenated when you are back to work.

Hope you enjoyed the post. Must share your views on the above points – especially the first one about enhancing skills when Robots & Artificial Intelligence is threatening jobs.